HOW TO CHOOSE BETWEEN BUYING NEW & INVESTING IN A REMODEL
Tags: HOW TO CHOOSE BETWEEN BUYING NEW & INVESTING IN A REMODEL
Posted by DM Real Estate Staff on Wednesday, May 10th, 2017 at 11:10am.
Selling your property in the Lower Mainland historically means making a nice profit on your investment, especially if you have had it for some time. However, buying another home to move into might come at an added expense due to the perpetual rising cost of real estate in Metro Vancouver – which is why DM Real Estate wants to help our reading audience understand ‘How To Choose Between Buying New & Investing in a Remodel’!
Weigh Your Real Estate Buying and Selling Options
Before you even begin to consider selling your apartment in Coquitlam, townhouse in Langley or house in Surrey, take a look at what it will cost you to purchase a replacement home, and ensure that the profits you make in your sale will outweigh the increased cost of buying real estate when you go to purchase your next home.
Renovate to Increase Your Selling Price
For some people, buying a new home simply makes sense as they don’t have the time or desire to renovate an older space. If you are looking to sell your outdated home with the intention of buying into something newer, consider small, pain-free and affordable renovations that could mean the difference between you house being on the market for a while and selling at standard market value, and selling for above asking price quickly. You may even find yourself wanting to stay put with just a few simple renovations, which a knowledgeable realtor can guide you in as it pertains to features that sell homes in Vancouver.
Know Your Flexibility Range
Knowing your flexibility range both in cost as well as features will better help you and your realtor find a space that meets your budget without foregoing your must-haves. Narrowing down your search will allow you to find a home more quickly, and also ensure you don’t miss out on a “maybe” house that ends up getting sold before you have committed to buying it. In a hot selling real estate market, it can make it tougher for buyers – so flexibility will count for a lot when choosing between buying new or being open to a home that might just need a little TLC.
Long Term Investment or a Short Term Solution
A knowledgeable realtor can help lead you in the right direction, whether buying a long term investment home in Metro Vancouver, or a short term space in Surrey. Regardless of what you are looking for, having a realtor who can assist you in important buying decisions will make all the difference in a sound real estate transaction.
At DM Real Estate, we deliver the most up-to-date listings in the Lower Mainland including: Surrey Real Estate,North Surrey & South Surrey Real Estate, Cloverdale Real Estate along with Real Estate listings throughout the Fraser Valley and Greater Vancouver area, and are here to help you choose wisely to ensure you are thrilled with your buying and selling decisions!